Most expensive mansion in the world knocks $20 million from its price

Attention all bargain hunters: The most expensive mansion in the world has just knocked several millions off its asking price. Located 25 miles outside of London, this ultra mega mansion property is known as Updown Court. The castle-like estate is larger than some of palaces belonging to the royal family and can be yours for only $123 million. This is a $20 million dollar discount from its original asking price of $143.5 million.

According to Curbed NY, this over the top home is billed as symbolizing the “grand and imposing presence of the Great Houses of England,” and designed for ambassadorial living on its website . It’s brand new, finished in 2008 and has probably more rooms and land than one can cover in 24 hours. The entire property spans 58 acres and includes top of the line, state of the art home technology. All systems are controlled by computers, which allows for the owner to control and access the property from anywhere around the world. After all, you wouldn’t be spending all your time in there, right?

“We have incorporated everything you can think of or that anybody can want. This is truly a mansion of the 21st century — there is nothing like this house available,” said Leslie Allen-Vercoe, the developer behind the property, in a telephone interview from London.

Check out the list below to salivate at some of Updown Court’s features. A video tour can be seen on the real estate site Curbed:

Main house with four floors

Two guest houses, a gate house/security lodge and an estate manager’s office

103 rooms total, 22 of which are bedroom/ bathroom suites

Panic room for terrorist attacks

Wine cellar for 300+ bottles

Five swimming pools: 3 outdoor, 2 indoor – one of which is a private swimming pool in the master suite

Twelve acre garden with a lake, several ponds, a stream and a 10 metre fountain

The grandeur of the estate is even stunning to the British. Homes of the Rich have detailed floor plans of each of the four floors of the main house.

Simon Fairclough, of the Edinburgh Solicitors’ Property Centre, said the scale and opulence of the property was “mind-boggling”.

Recent articles about the property say that the buyer of the Updown Court will most likely be a Russian. That thought has changed from a few years back, when they first broke ground on the mansion. At that time, it was believed that the potential homeowner would be Arabic and care was taken to incorporate that into the design. In the years it took to build the property, Russians made a lot of progress on the Forbes billionaires list and the decor was altered to meet their taste.

“The original design was very much Arabic six or seven years ago, when we started work on Updown Court,” Allen-Vercoe said. “Arabs were major players on the real estate market back then.”

“It is European-style now. We took out some Arabic, Disneyland-like elements, allowing us to save a lot on excess marble and gold,” Allen-Vercoe said.

Besides the handful of Russians who have viewed the property, other foreigners are also interested in setting up a palatial residence in the UK.

“We also had two parties from China, three or four from the Middle East and one Australian look at the property.”

Photos below, appearing courtesy Curbed, show a glimpse of the many splendors of Updown Court.